[DOWNLOAD] "United States v. American Investors of Pittsburgh Inc." by United States Court of Appeals for the Third Circuit " Book PDF Kindle ePub Free
eBook details
- Title: United States v. American Investors of Pittsburgh Inc.
- Author : United States Court of Appeals for the Third Circuit
- Release Date : January 29, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 98 KB
Description
Opinion OF THE COURT MANSMANN, Circuit Judge We today grapple with the extent of criminal liability imposed by the Currency Transactions Reporting Act, 31 U.S.C. §Â§ 5313(a); 5322 (as amended 1982), and its attendant regulations, prior to their 1986 amendment. Specifically, we must decide whether customers of a financial institution, participating in both a sophisticated and simplistic money-laundering scheme, can violate the Act. A corporation, American Investors of Pittsburgh, Inc., three of its principals, John J. Bruno, President, John Mendicino, Executive Vice-President, Charles Krzywicki, Secretary-Treasurer, and a corporate customer, Alan Zytnick, seek vacation of convictions resulting from charges that they conspired to and defrauded the United States by obstructing the lawful function of the Internal Revenue Service in collecting information about certain currency transactions involving amounts greater than $10,000. The defendants1 were charged with various offenses concerning their failure to file Currency Transaction Reports (""CTRs""), required when cash transactions exceed $10,000, and causing another financial institution, Pittsburgh National Bank, to fail to file CTRs, as part of a pattern of illegal activity involving more than $100,000 in a twelve month period, contrary to provisions of the Reporting Act,2 and the pertinent regulations3 and in violation of 18 U.S.C. §Â§ 2, 371 and 1001.